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Navi Technologies IPO

Navi Technologies is looking to raise Rs 3350 crore through its initial public offering, according to the DRHP filed with SEBI.

Navi Technologies is a technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. The company is uniquely positioned in India as one of the leading end-to-end digital ecosystem players with complete control over all three non-payments financial service offerings – lending, insurance and asset management, according to the RedSeer Report.

Navi Technologies IPO Objectives:

The company proposes to invest the net proceeds towards augmenting the capital base of NGIL, to ensure that NGIL is able to maintain its solvency levels and meet its future capital requirements.

Opening Date To be Announced	Closing Date To be Announced
Price Band To be Announced	Issue Size To be Announced
Face Value To be Announced	Market Lot To be Announced
Listing at NSE,BSE

IPO Open Date	To be Announced
IPO Close Date	To be Announced
Allotment Date	To be Announced
Initiation Of Refunds	To be Announced
Credit Of Shares To Demat Account	To be Announced
IPO Listing Date	To be Announced
UPI Mandate Expiry Date	To be Announced

Checkout the List of Upcoming IPO

Financial Highlights

Particulars	March 31, 2021	March 31, 2020	March 31, 2019
Basic earnings per share (in ₹)	2.47	2.09	7.31
Diluted earnings per share (in ₹)	2.45	2.09	7.31
Return on net worth (in ₹)	1.81	0.20	3.90
Net asset value per share (in ₹)	136.51	137.4	104.0
EBITDA (in ₹ million)	2,342.18	477.32	45.68

Know before investing

Strengths	Risks
Strengths	Mobile first approach driving better customer engagement and experience	High dependence on customer’s trust - any failure in enhancing the image of the brand can affect the business
Risk management, data science and machine learning leveraged operating model	Cloud computing software and data centers can be affected due to long system downtime and prolonged power outages
Promoter’s track record and experienced management team	Possibility of risks not getting identified due to technology-based risk management team which can affect the business
Strong tech team and value-based workplace ethos	Not being able to sustain the growth or manage it properly

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Frequently Asked Questions

What is an IPO ?

An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

What is Navi Technologies IPO?

According to DRHP filed with SEBI (Securities and Exchange of India), Navi technologies will be looking to raise rs. 3,350 crore through IPO (Initial Public Offering).

What is a lot size?

A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

What is an IPO price band?

IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

What is issue size in an IPO?

Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

Where can one check IPO allotment status?

You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

How are IPO investments taxed?

IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.